This article pulls out the key takeaways of the IRS wanting to crack down on the underreporting of digital asset transactions by requiring digital asset brokers to report 1099s.
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Digital Assets
See All FORsightsFASB has approved narrowly focused accounting guidance for certain digital assets with a final ASU expected in the fourth quarter. Read on for more.
Well and pipeline operators in Texas can now apply for a severance tax exemption on otherwise vented or flared gas. Read on for details.
The IRS has provided guidance on the timing of when staking rewards are includable in gross income. Read on for details on what taxpayers can expect.
This article examines the federal tax implications of digital asset transactions, including common events that could cause a transaction to be taxable.
This webinar will share the process for accepting crypto donations and leverage Engiven’s tools and skills to help streamline the donation procedure.
This paper summarizes key domestic cryptocurrency regulatory and reporting developments. Read on for details.
FASB has issued a fast-tracked exposure draft on accounting for certain crypto assets. Read on for details on the proposal.
The IRS has issued Notice 2023-27 regarding the taxation of NFTs as Internal Revenue Code Section 408(m) collectibles. Read on for details.
"Virtual currency,” aka digital assets or cryptocurrency, is considered “property” according to the IRS.